Posts Tagged “compensation”

Wells Fargo Tries Boosting Pay Amid Mortgage-Revenue Drop

by Wall Street Job Report on August 14, 2014

Wells Fargo & Co. (WFC)’s mortgage business, the largest in the U.S., is looking to halt a revenue slump by sweetening the payoff for employees amid a shift to new home purchases. Loan officers’ top commission rate rose to 70 (…)

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Morgan Stanley wealth unit thrives, but compensation still a concern

by Wall Street Job Report on July 18, 2014

Morgan Stanley posted wealth management results for the second quarter just a hair’s breadth short of a key profitability target it set for the end of 2015, but bank executives remained concerned about the high costs of recruiting brokers. The (…)

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Nomura Almost Doubles CEO’s Compensation to $2.9 Million

by Wall Street Job Report on June 26, 2014

Nomura Holdings Inc. (8604), Japan’s biggest brokerage, almost doubled Chief Executive Officer Koji Nagai’s compensation to 298 million yen ($2.9 million) last year as profit surged. Nagai received a basic salary of 102 million yen, plus 17 million yen in stock (…)

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Pay rises for senior bankers hit 10%

by Wall Street Job Report on June 4, 2014

Banking chief executives received an average pay rise of 10 per cent last year as US banks handed their heads much more generous packages than their European rivals, highlighting the widening remuneration gap on either side of the Atlantic. The (…)

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Shareholder anger simmers worldwide over bankers’ pay

by Wall Street Job Report on May 30, 2014

LONDON, May 29 (Reuters) – Investors owning almost 6 billion shares rejected the pay plans of 10 of the world’s biggest banks in recent weeks as anger over excessive bonuses reached record levels in Britain and jumped sharply from a (…)

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